GFL Environmental (TSE:GFL) Upgraded by Seaport Res Ptn to Strong-Buy Rating

Seaport Res Ptn upgraded shares of GFL Environmental (TSE:GFL - Free Report) to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

Separately, Citigroup raised GFL Environmental to a "strong-buy" rating in a research note on Monday, January 27th.

GFL Environmental Trading Down 1.5 %

GFL traded down C$1.05 during trading on Tuesday, reaching C$69.12. 286,183 shares of the company's stock were exchanged, compared to its average volume of 315,867. The company's fifty day moving average price is C$67.54 and its 200-day moving average price is C$64.72. The firm has a market capitalization of C$26.67 billion, a PE ratio of -45.36, a P/E/G ratio of -0.76 and a beta of 1.03. GFL Environmental has a fifty-two week low of C$41.90 and a fifty-two week high of C$71.82. The company has a debt-to-equity ratio of 147.75, a quick ratio of 0.57 and a current ratio of 0.58.

GFL Environmental Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Wednesday, April 30th were given a $0.0154 dividend. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.09%. This is a boost from GFL Environmental's previous quarterly dividend of $0.01. GFL Environmental's dividend payout ratio is currently -5.25%.

About GFL Environmental

GFL Environmental Inc is an environmental services company. Its offerings include non-hazardous solid waste management, infrastructure, soil remediation, and liquid waste management services. Its solid waste management business line, which generates the majority of the revenue, consists of the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste.